Obama flops with ‘private sector is doing fine’

Oh, boy. President Obama and his supporters will be hearing this line for a while:

“The private sector is doing fine.”

Obama made that remark during a press briefing today about the U.S. and European economies. Now, he and his supporters will almost certainly counter that the line is being taken out of context. Via ABC News’ Jake Tapper, here is that context:

“We’ve created 4.3 million jobs over the last … 27 months, over 800,000 just this year alone,” the president said, “the private sector is doing fine. Where we’re seeing weaknesses in our economy have to do with state and local government, oftentimes cuts initiated by, you know, governors or mayors who are not getting the kind of help that they have in the past from the federal government and who don’t have the same kind of flexibility of the federal government in dealing with fewer revenues coming in.”

Michael Scherer of Time notes that Obama and the Democrats did not give John McCain the same benefit of context when they pilloried him for his September 2008, mid-financial-panic comment, “… the fundamentals of our economy are strong.” So, to a large degree, turnabout will be fair play.

But let’s give the president the benefit of context. Is he right that the “weakness in our economy” is that Washington isn’t bailing out state and local governments fast enough?

Obama cast the private sector’s alleged strength in the terms of job growth. So, let’s look at that on the public-sector side.

For starters, let’s consider that the states and locals that are cutting jobs, where they are cutting them, because they don’t have the money to fund them. With annual deficits over $1 trillion a year, Washington doesn’t have the money to fund them, either. What Obama is proposing is to borrow more money from China to pay for civil servants in Sacramento (data for April, the latest available state-by-state, show almost a quarter of government job losses were in California).

But even if one is prepared to go along with this bailout, is it really the cure for what’s ailing us?

Federal data for last month show state and local government employment fell by 111,000, or 0.58 percent, from May 2011. Had those 111,000 people still been in their jobs — and here we’re going to give Obama the benefit of the doubt and assume none of them found employment elsewhere, which is a rather big assumption — the nation’s employment level would have been 0.08 percent higher. The national unemployment rate would have been 8.1 percent, instead of the actual rate of …

… wait for it …

… 8.2 percent.

For those 111,000 people and their families, those layoffs were undoubtedly terrible. But as an explanation for the “weakness in our economy,” and as a possible target for efforts to spur economic growth, the reduction of state and local government employment is a complete nonstarter.

Next excuse?

– By Kyle Wingfield

266 comments Add your comment

HDB

June 8th, 2012
3:57 pm

This proves that government spending should NOT be cut back in economic downturns……

Excuser and chief failure

June 8th, 2012
4:10 pm

oblamer at it again. That old hostile Congress. Those old Europeans are not cooperating. Then there is that old tsunami, the greedy old Wall Street crowd that isn’t paying their fair share and them old oil speculators that can’t be regulated.

Do you think next time we can at least elect someone that can take responsibility for the things that go wrong when they are President and not take full credit for the successful deeds done by other unknown, unmentioned by their name’s, BRAVERY and ACCOMPLISHMENTS!?

Oblamer killed bin Laden your lame-”A” donkey butts!

Apache

June 8th, 2012
4:16 pm

What world does our President live in? I work in the private sector and it’s not doing fine, even by a long shot. People are nervous for their jobs and frustrated with our government spending.

Rafe Hollister- trying to save the Choom Gang

June 8th, 2012
4:17 pm

HDB

No, this proves, to borrow from Mr. Clinton, you shouldn’t put an Amateur in charge of the USA.

Rafe Hollister- trying to save the Choom Gang

June 8th, 2012
4:21 pm

One silly example, I want some fresh peaches, not grocery store ammunition peaches. I can’t find a produce stand that is still operational. I had two I depended on. One advertised for miles on I-75 for the past ten years or so. Out of business, along with another further up the road, that had been in business for years. Fine, my patootie!

Rafe Hollister- trying to save the Choom Gang

June 8th, 2012
4:25 pm

Saw where Bookman was getting into election mode with the global warming alarmist screed again today. I say it is warmer this year, because of all the hot air leaving the Oblamer reelection campaign balloon.

joe

June 8th, 2012
4:27 pm

Just another example of how out of touch he really is…Nov can’t get here quick enough…

Martin Williams

June 8th, 2012
4:28 pm

Kyle, pardon me but how many jobs did Georgia W Bush created in 8 years? You all never wrote about it because the tax breaks you all getting was creating millions of jobs. 95% of our so called representatives in Washington DC are all millioniers and that goes for both parties. Therefore, they all support the tax break and even want to make it permanent. I hope they do and by 2016 the un-employment rate will be in double digit. I believe the private sector is doing just fine because most of the un-employment is created at State level. GOP governors in the nation are cutting spending. The furloughs for teachers and other State employees. We Americans kind of have our thinking caps off as the GOP smart a……..s keep telling us tax breaks will create jobs. Ten plus years and were are the jobs? I hope Romney wins and continue to give the rich more tax break and the result will be worst.

claytondawg

June 8th, 2012
4:29 pm

This old guy has stated over and over that the electorate in our country either can’t or isn’t willing to vote for the correct candidate.

MrLiberty

June 8th, 2012
4:35 pm

“and who don’t have the same kind of flexibility of the federal government in dealing with fewer revenues coming in”

Meaning the states don’t have the ability to print money out of thin air, thus devaluing the value of every dollar in circulation, destroying savings, and undermining the economy like the US government and its criminal friend the Federal Reserve can.

Great solution turd head. How are you going to explain to everyone why the dollar collapsed???

Oh, and by the way, I condemn every president (except Harding) since the Fed was founded for spending more money than the govenrment could afford.

Michael H. Smith

June 8th, 2012
4:39 pm

Actually this June has been cooler so far than it was this time last year Rafe, when temps were in the ’90s from June until into mid September. Comrade bookman should find a hotter spot on the globe to write his hot air column. Oh and Father Bookman can take all of the resident AJC blog marxist with along him to Bookmantown, Guyana.

Don’t worry Libs there will be plenty of Kool-aid to go around. Utopia awaits on the other side.

Rick in Grayson

June 8th, 2012
4:54 pm

Obama is an amateur and in way over his head. There are already many, many jobs bills passed by the House that lanquish in the Democratic controlled Senate!

Obama wants a jobs bill for his union buddies: construction workers, teachers, firemen, and police. Wasn’t that the premise of the huge stimulus (jobs) bill passed a couple of years ago? How did that work out? Each job cost US taxpayers roughly $250,000 each! He didn’t even restrict those jobs to US citizens and legal residents. Those jobs were created using money borrowed from China and we continue to pay interest on that debt.

Obama says he created 4.7 million jobs in the last 27 months…he didn’t say that he allowed 3.7 million NEW legal immigrants into the US during that time period…that doesn’t even count the illegal aliens in our country. With 8-10 million US citizens without jobs and some of those collecting unemployment checks why doesn’t he shut legal immigration until US citizens have jobs to support their families?

Obama is traveling to all the “swing” states and hardly spends any time leading this country. Maybe that is actually a good idea since he is hardly a leader!

Eric Holder the US AG, continues to plead ignorance of the facts on the Fast and Furious operation! You would think that after several appearances before Congress, he might actually prepare for the questions being asked of him. Like his boss Obama, Holder is another bald-faced liar! This is the “transparency” that Obama promised from his administration?

Where is the “hope and change” he promised? Obama made many promises but didn’t make good on many. Although he did cut the deportations of illegal aliens by executive order. Nice to know that we continue to have to support illegal aliens with our tax dollars. Hate to see a President of the US put the interests of illegal aliens before those of US citizens and legal residents.

Obama and the Democrats forced the ACA/Obamacare down the throats of US citizens. It is not supported by the majority of US citizens and will increase healthcare costs. It didn’t seem like the US Supreme Court thought the law was even constitutional, but we should get a ruling on that soon.

Lil' Barry Bailout (Unexpectedly Revised Downward--Again)

June 8th, 2012
5:02 pm

Once again the Idiot Obozo demonstrates he knows nothing about the private sector.

td

June 8th, 2012
5:03 pm

Martin Williams

June 8th, 2012
4:28 pm

“Kyle, pardon me but how many jobs did Georgia W Bush created in 8 years?”

What was the unemployment rate during the Bush years? You can not create jobs when you are at full employment (when the unemployment rate is under 5% then that is considered full employment). Bogus lib argument.

Lil' Barry Bailout (Unexpectedly Revised Downward--Again)

June 8th, 2012
5:07 pm

Martin Williams: Kyle, pardon me but how many jobs did Georgia W Bush created in 8 years?
——————

According the the BLS, the number of jobs in the U.S. in January of each year:

2001: 132 million
2009: 134 million
2012: 132 million

So, Our President Bush created two million jobs, and Obozo destroyed them.

Hope that helps.

Tiberius - Banned from Bookman's and proud of it!

June 8th, 2012
5:10 pm

“The private sector is doing fine.”

SERIOUSLY!?!?!?

Notice how he also is now saying that he “created” 4.3 million jobs, when the meme was “created or saved” just a few months ago (when people were calling him out on the lie about creating jobs).

Will this clown of a President ever tell us the truth?

Liberal Pariah

June 8th, 2012
5:11 pm

Even though Obama is in over his head, he’s not a dummy. He is setting the stage for another bailout (stimulus) directed to the states to give the public sector union folks more money to solidify their vote for him.
I never thought that I would wish that Hillary had gotten elected :-)

kelly

June 8th, 2012
5:12 pm

Kyle, can you not be a partisan hack just once in a while? What does McCain’s statement have to do with Obama’s? I was alive then, and I remember what was said and the context. McCain said the fundamentals of the economy were strong when we were on the brink of collapse: that’s out of touch. Obama said the private sector job situation was doing fine compared to the public sector. That’s true. If public sector employment was at comparative levels as the private sector, the unemployment rate would be well below 8%.

My real beef with you is that you seem to go out of your way to put a negative spin on everything the President does. I have the same beef with Mitt Romney. When asked about what grade he would give the President so far he replied, an F across the board. I’m sorry, that’s just not credible. I would take Romney more seriously if he seemed more thoughtful in his response. We can all take shots at the President, and I have my problems with him too. But to deny ANY acheivements is to be disingenuous. Bin Ladin is dead and GM is alive, to name two.

Lil' Barry Bailout (Unexpectedly Revised Downward--Again)

June 8th, 2012
5:16 pm

Bin Ladin is dead and GM is alive, to name two.
—————–

Yeah, that’s a lot for three and a half years.

Lil' Barry Bailout (Unexpectedly Revised Downward--Again)

June 8th, 2012
5:20 pm

(and it’s a good thing GM sells cars other than the Volt)

Tiberius - Banned from Bookman's and proud of it!

June 8th, 2012
5:22 pm

“I would take Romney more seriously”

No you wouldn’t, kelly. Not in this lifetime.

ByteMe

June 8th, 2012
5:23 pm

The private sector is doing fine. Job losses continue in the public sector, but the private sector is showing huge profits.

… and that’s what the President said, if Kyle were honest enough not to pull a line out of context.

Lil' Barry Bailout (Unexpectedly Revised Downward--Again)

June 8th, 2012
5:27 pm

If you think the private sector is doing fine, you might check out the latest survey of consumer sentiment or the polls on right track/wrong track.

Or you might be interested in how Idiot Obozo clarified his ignorant remarks: “It is absolutely clear that the economy is not doing fine.”

Lil' Barry Bailout (Unexpectedly Revised Downward--Again)

June 8th, 2012
5:28 pm

Moron: “There are too many people out of work, the housing market is still weak, and too many homes are under water”

The Fresh Prince of Bill Ayers

June 8th, 2012
5:29 pm

If O’d!psh!t ever showed up on a Bugs Bunny cartoon, Bugs would say “what a maroon!” He has to say the private sector is doing fine, since his laser like focus is on his next fundraiser. Time to flush this turd!

I Report (-: You Whine )-: mmm, mmmm, mmmmm! Just sayin...

June 8th, 2012
5:31 pm

I believe I’ll borrow a favorite from Ronnie Raygun, if you don’t mind, the scariest words you’ll ever hear; Hi, I’m from the government and I’m here to help.

ew, shivers up my spine.

Barrack "I'm a Lying Hypocrite!" Obama

June 8th, 2012
5:35 pm

This just proves what I always say…

Out of touch and incompetent

OBAMA>>THE WORST PRESIDENT EVER

Tiberius - Banned from Bookman's and proud of it!

June 8th, 2012
5:39 pm

ByteMe, the private sector is doing marginally better, but it is a far cry from “fine”.

You libs can’t spin your way out of this one.

He’s clueless. And he’s a liar.

jeffrey

June 8th, 2012
5:47 pm

Kyle states are hemorrhaging. Especially the red ones like Georgia. You can hate taxes all you want but this is a republican economy right now and you know it. It is also an economy I don’t care for. So let obama get his way once before you tell him he did it wrong. Thanks.

Bill James

June 8th, 2012
5:52 pm

“don’t have the same kind of flexibility of the federal government in dealing with fewer revenues coming in.”

What he means by this is DEBT. Debt is the tax on future labor, the labor of children that cannot vote, that cannot object to current spending. Debt is Taxation without Representation.

Since we elected these guys so we could have benefits beyond our contribution, Debt is also Tyranny of the Majority. A majority of adults imposing debt on the liberty and future labor of children.

Barrack "I'm a Lying Hypocrite!" Obama

June 8th, 2012
5:54 pm

@jeffrey um dumbass Obama is president this is all a Democrat Economy…it doesnt switch at will just because Obama fked it up so bad and your not man enough to take responsibility…like everything else

Tiberius - Banned from Bookman's and proud of it!

June 8th, 2012
5:56 pm

“So let obama get his way once before you tell him he did it wrong.”

So the various stimulus packages totaling about $1.2 trillion dollars wasn’t getting his own way, jeffrey?

Obamacare wasn’t his own way?

Oh, that’s right. You want MORE of programs that failed.

Got it.

In case you missed it, jeffrey, states and local governments are supposed to take care of themselves. Many do. It is largely the Democrat-controlled ones that do not. I for one am damned tired of paying for firefighters in Chicago, New York or L.A. with my tax money that should have been spent in Georgia.

Lil' Barry Bailout (Unexpectedly Revised Downward--Again)

June 8th, 2012
6:06 pm

Obozo’s $1.5 trillion annual deficits aren’t stimulus enough?

You libs really are economically retarded.

Martin Williams

June 8th, 2012
6:20 pm

I still believe the private sector is fine. GOP governors are creating big time un-employment problem and if the trend continues, we are heading for a very very sorry American as we know it. Sometimes I ask myself where people got the notion that running a government is like a business especially the United States of America. The US government is being on the deficit side since the end world II and we still in wars and John McCain wants us to go into Syria. Deficit for US government will continue to get larger. GOP folks and its blind followers will tell you different and vote to spend more money on wars/invations. One thing I know, the GOP is on a good mission and that is to bring this country DOWN. Even Ronald Reagan was a sincerely great and smart compromiser because he loved this country. Fools in the GOP today is my way or the high way with strong support now from its suragate partners the Tea Party folls. If any politician National or State level love this as they say, should always think compromise first. Americans, WAKE up or we are all dummed.

Rafe Hollister- trying to save the Choom Gang

June 8th, 2012
6:24 pm

The stimulus money to the states and counties that allowed them to temporary not lay off teachers, fireman, police, and other state workers has run out. The GOP pointed this out at the time. They asked what were the states to do, when the temporary funding ended. Oblamer’s cronies said this funding would hold the states over until the economy recovered. Well, here we are.

An amateur like Oblamer that does not understand the private sector economy, had no chance of improving the economy. His Keynesian ideology did not work, and he still has not seen realized his errors. He just did the usual liberal thing and punted on making any hard choices. Well, his time is up and he is reaping what he sowed.

The states, counties, and cities are left to do what they should have done in 2009, shrink their employments and rein in spending.

Hillbilly D

June 8th, 2012
6:26 pm

Actually this June has been cooler so far than it was this time last year Rafe, when temps were in the ’90s from June until into mid September.

This is the coolest June, at least in my neck of the woods, that I remember in many years. Can’t exactly remember but it’s been at least 15 years since we’ve had one like this. The most rain, too.

Rafe Hollister- trying to save the Choom Gang

June 8th, 2012
6:27 pm

WAKE up or we are all dummed.

Well, at least some of us are!

Rafe Hollister- trying to save the Choom Gang

June 8th, 2012
6:28 pm

Hillbilly D

I agree, I was thinking that today as I was picking blue berries. Very cool, for June. You need to tell Bookman, but then again you can’t tell Bookman anything.

Lil' Barry Bailout (Unexpectedly Revised Downward--Again)

June 8th, 2012
6:35 pm

“Food stamp use up 100% under Ob[ozo]”
—————

Yeah, we’re doing just fine.

Hillbilly D

June 8th, 2012
6:40 pm

Rafe

I exiled myself from over there.

snoqualmiefalls

June 8th, 2012
6:40 pm

“Private sector doing fine”… Dear Leader BushII when when the economy was shedding 500,000/month.
Yup, Short term memory lose or long term?

Dr. Pangloss

June 8th, 2012
6:58 pm

Gee, Kyle, have you heard about journalists checking the facts?

Take a look at http://www.politifact.com/truth-o-meter/article/2012/jun/08/context-private-sector-doing-fine/ and see what Obama really said.

Truth Squad

June 8th, 2012
6:59 pm

All this huff-puff from conservatives and the truth still remains that Romney is losing! Looking at the state polling it is clear that the math is not working for Romney. He can win all of the McCain states plus Indiana,Ohio,North Carolina, Florida, and Virginia…and still Lose!!

The b***h-and-blame Obama strategy is not going to be enough to beat the incumbent. Don’t let the media foll ya folks. The public is not buying what the Republicans are selling.

Those who believe that there are people out there who are going to be persuaded to vote for Romney because of what President Obama said about the private sector today are a desperate.

Vast Right Wing Conspiracy

June 8th, 2012
6:59 pm

President Kardashian is kind of like the Kevin Bacon character at the end of “Animal House” – “All is well, all is well!”

md

June 8th, 2012
7:03 pm

“This proves that government spending should NOT be cut back in economic downturns……”

What a statement like this proves is the writer and those like him/her are totally clueless about how the system works………

Where exactly do you think the gov’t gets it’s money…..the WH money tree in the rose garden?

They have to take it from the private sector…….which sucks the life out of that sector and makes it darn near impossible for either to survive……

Those local gov’ts can’t pay their bills because all the mom and pop businesses (the majority of corps) laid off 20 million people that used to pay those taxes……….taxes for the most part ALL come from capital generated by the private sector.

md

June 8th, 2012
7:10 pm

“You need to tell Bookman, but then again you can’t tell Bookman anything.”

Like HD, I self exiled too. Even when presenting links to the guy that showed him to be incorrect, he sticks his fingers in his ears and says nah, nah, nah……….he’s a hack journalist that tries to give the impression that he is open to discussion, but only if he isn’t proven wrong.

And Kyle, I know what you said about him not being here to defend himself, but that too is a choice……he can read your blog and post just like any other. Obama and Bush are never here to defend themselves either………..

I Report (-: You Whine )-: mmm, mmmm, mmmmm! Just sayin...

June 8th, 2012
7:17 pm

If you were a total socialist that hated the United States, of course you would think the economy is doing fine.

Tiberius - Banned from Bookman's and proud of it!

June 8th, 2012
7:23 pm

“I still believe the private sector is fine.”

I suppose you still believe in the Easter Bunny and Santa Claus, too, don’t you Martin Williams? :roll:

Don Abernethy

June 8th, 2012
7:25 pm

Tiberius - Banned from Bookman's and proud of it!

June 8th, 2012
7:26 pm

When you lose CNN, you know you’ve screwed up.

On Erin Burnett tonight they detailed all the stimulus funds, both direct to job creation or saving, and indirect to stimulate the economy.

They came up with $3.2 TRILLION dollars.

Then they ask how Obama’s $280 billion plan in front of Congress is going to do anything given the #3.2 trillion didn’t work so well.

Even CNN isn’t buying his junk anymore.

Truth Squad

June 8th, 2012
7:35 pm

The stock market is up some 69% since President Bush left office. Businesses are sitting on trillions both overseas and domestically. Corporate profits are near record highs.

All part of the private sector and still not hiring people because there isn’t enough demand for goods and services.

Only sociopaths and low-information voters believe that jobs will eventually be created by further suppressing demand and increasing unemployment in the short-term.

The truth is that the Republicans do not have a plan to put people back to work. That is why they waste all this time talking about nonsense in order to create a smokescreen. Meanwhile Governor Romney told the truth today when he campaigned against teachers, cops, and firefighters.

md

June 8th, 2012
7:42 pm

“Businesses are sitting on trillions both overseas and domestically. Corporate profits are near record highs. ”

If one hangs their hat on those statistics, one is in for a rude awakening. Yes, “some” corps are sitting on biggey bucks and ’some” have had record profits……but in turn, “some” of them achieved that by cutting expenses……mainly employees and benefits (20+ million folks out of work).

The real truth is that mom and pop corps make up the majority of corporations in the country and do the majority of hiring…….and they are NOT sitting on trillions or making huge profits.

md

June 8th, 2012
7:44 pm

“The stock market is up some 69% since President Bush left office.”

And what would one expect it to do after a collapse based on fear vs actual financials??

Do folks really think every company in america had bad financials overnight?? Please…….

Tiberius - Banned from Bookman's and proud of it!

June 8th, 2012
7:44 pm

“The truth is that the Republicans do not have a plan to put people back to work.”

The truth is that you can’t read.

“The stock market is up some 69% since President Bush left office.”

The stock market hasn’t been an accurate indicator of economic health in almost 20 years.

Do you have something meaningful to post, TS?

@@

June 8th, 2012
7:45 pm

The smackdown in Wisconsin must’ve bothered him more than he’s willing to admit.

Lil' Barry Bailout (Unexpectedly Revised Downward--Again)

June 8th, 2012
7:46 pm

Obozo: “Because the recipes that [the GOP is] promoting are basically the kinds of policies that would add weakness to — to the economy, would result in further layoffs, would not provide relief in the housing market, and would result, I think most economists estimate, in lower growth and fewer jobs, not more.”
——————————-

Obozo is an expert in policies that would result in layoffs and economic weakness–he’s been authoring them for years.

@@

June 8th, 2012
7:47 pm

The two in California as well.

yay

Up next? Rahmbo takes on Chicago’s teachers.

Hillbilly D

June 8th, 2012
7:47 pm

The stock market hasn’t been an accurate indicator of economic health in almost 20 years.

Probably longer than that but you might as well keep track of who’s winning the high stakes games in Vegas.

Lil' Barry Bailout (Unexpectedly Revised Downward--Again)

June 8th, 2012
7:50 pm

Corporate profits are near record highs.

All part of the private sector and still not hiring people because there isn’t enough demand for goods and services.
————————

Why should the private sector hire when they’re making record profits and when Obozo is driving up the cost of labor with his anti-business policies? Do you even think before posting such nonsensical drivel?

Lil' Barry Bailout (Unexpectedly Revised Downward--Again)

June 8th, 2012
7:55 pm

Keep defending your Marxist hero’s claim that the economy is doing just fine. He’s already thrown you under the bus and backtracked.

Truth Squad

June 8th, 2012
7:58 pm

Yes, I’m proud to “hang my hat” on actual facts.

For example: I point out the terrific performance of the market. Instead of admitting it is true, the low-information type dismisses the fact as irrelevant even though the topic we’re on is the private sector.

Also, while small businesses do create many of the “new jobs”, they are also responsible for destruction of many jobs as well. The real ugly truth that no political party wants to admit is that there has been near negativenet job creation over the past 30+ years.

That’s right, under both Democratic and Republican presidents, after all the jobs created in the 90’s, we have lost just as many, if not more, than we have created. That is why all politicians talk about “job creation”, but not net job creation.

So, while I think the Democratic response to the issue of jobs is weak sauce, at least they have a plan beyond simply cutting taxes and sticking it to poor children, the sick, the elderly, and those who have fallen on hard times even though they did every thing right.

Truth Squad

June 8th, 2012
8:01 pm

Oh, one more thing: If the market was down big time, you people would be all over it talking about how the black guy you hate screwed that up too.

Lil' Barry Bailout (Unexpectedly Revised Downward--Again)

June 8th, 2012
8:01 pm

Truth Squad: at least they have a plan
—————————-

What is it? Last time I checked, unemployment was higher today than when Obozo took office.

Hillbilly D

June 8th, 2012
8:05 pm

If the market was down big time, you people would be all over it talking about how the black guy you hate screwed that up too.

I wouldn’t be because I’ve been saying for years that the stock market has nothing to do with the real economy.

md

June 8th, 2012
8:06 pm

“For example: I point out the terrific performance of the market. Instead of admitting it is true, the low-information type dismisses the fact as irrelevant even though the topic we’re on is the private sector.”

Of course it’s true……I’ll ask again…..does one actually believe every company in America had bad financials overnight??

As for blaming the current guy in office…..it sure didn’t stop folks from blaming Bush, did it??

Old Timer

June 8th, 2012
8:08 pm

I’ve seen them All from Roosevelt to Obama. I can truthfully say Obama has been the worst. He makes Jimmy Carter look like a precision isntrument .Obama is in way over his narcissistic head.

td

June 8th, 2012
8:09 pm

Truth Squad

June 8th, 2012
7:35 pm

“Businesses are sitting on trillions both overseas and domestically.”

And why is it that businesses are leaving most of that money overseas? Could it be because we have the highest corporate tax rates in the world? Why would a corporation want to bring back $1 trillion and have to pay the Federal government $350 billion?

While we are talking about hiring, please tell us all why a small business wants to hire people when they can not project what the actual cost for healthcare and other cost for that person is going to be. Do you expect a company to just hire a person without knowing if the person is going to add to the bottom line profit of the company?

Tiberius - Banned from Bookman's and proud of it!

June 8th, 2012
8:10 pm

Truth Squad, some of actually practice truth, rather than distorting it.

Your “fact” doesn’t matter if it is irrelevant to the subject at hand, which is the health of the private sector economy. The stock market hasn’t been an accurate measurement of the health of the economy for decades.

So while you can tout (rightly) that it is up right now, you cannot use it to gauge the health of the private sector economy, not matter how much you might try.

And I have been consistent in arguing this for decades.

@@

June 8th, 2012
8:12 pm

Oh, one more thing: If the market was down big time, you people would be all over it talking about how the black guy you hate screwed that up too

===================================

Former Pennsylvania Governor Ed Rendell took a shot at President Barack Obama Thursday, saying Secretary of State Hillary Clinton would have made a better president.

Speaking on CBS, the former Pennsylvania governor criticized the Obama administration’s handling of the U.S. economy and its decision to pursue a healthcare plan that does not contain an individual mandate.

“I think the president was hurt by being a legislator only; for example healthcare and stimulus. Two bills that I think did good things for the American people. He sort of said ‘here’s what I want, flush it out,” Mr. Rendell said.

“I think [Clinton] would’ve come in with a lot more executive experience,” he added.

Does Ed Rendell hate “the black guy”?

Truth Squad

June 8th, 2012
8:26 pm

..and still, Romney is losing and the Republicans have no plan to put people back to work.

Folks, y’all can continue to demonstrate that the so-call Obama Derangement Syndrome is alive and well, but most people just do not hate President Obama like y’all do. This is why you are left hoping unemployment goes up, gas prices increases, and/or Europe puts a deeper drag upon our recovery.

Sad. Sad.Sad.

You will lose this November and many other Novembers to come. The demographics are not on your side in this state and several others. All the old billionaire bucks in the world will not save you from the many millions of people who know who is most hostile to them and will use the power of the ballot box to express their insistence on change. President Obama is but a early footnote to more profound change.

Y’all be good. Will be checking back in from time to time for my does of conservative comedy leading up to telling you, “we told y’all so”, this November..lol!

md

June 8th, 2012
8:28 pm

“And why is it that businesses are leaving most of that money overseas? Could it be because we have the highest corporate tax rates in the world? Why would a corporation want to bring back $1 trillion and have to pay the Federal government $350 billion? ”

I’ve been asking that question to those on the left for quite awhile now with no answers……

To put it in basic terms, why do the dems prefer to let foreigners have that capital in their systems vs allowing us to have it in our system??

If the truth says they aren’t bring it home, may as well bring it back untaxed……at least it is capital generating interest and productivity in OUR system…….

Bunch of buffoons………..

md

June 8th, 2012
8:29 pm

“many millions of people who know who is most hostile to them and will use the power of the ballot box to express their insistence on change”

Yep…..Greece voted like that once upon a time………..

Truth Squad

June 8th, 2012
8:31 pm

@@, Yes, Rendell does hate the black guy…he’s a Clintonite! They got beat bad just like old man McCain(who is still bitter too).

Love how y’all love y’all some Bill Clinton now. It wasn’t that long ago y’all impeached him!

I guess black guy in the Oval Office > white guy “giving in to his shame” with cigars and blue dress mementos.

High comedy, y’all are!

Getterson Vitterick

June 8th, 2012
8:33 pm

Could this president possibly be a bigger failure? I don’t think he could.

Truth Squad

June 8th, 2012
8:34 pm

md, this ain’t Greece. You know full well what I’m talking about and I know you are scared and I’m really ok with that.

Ok, bye now. Y’all keeping repeating Fox News talking points to make yourselves feel better.

Getterson Vitterick

June 8th, 2012
8:35 pm

“but most people just do not hate President Obama like y’all do.”

Obama is not hated. Most idiots are considered lovable.

Getterson Vitterick

June 8th, 2012
8:36 pm

Truth Squad,

And you keep drinking that msnbc koolaid if it makes ya feel better sport.

Don't Tread

June 8th, 2012
8:42 pm

“governors or mayors who are not getting the kind of help that they have in the past from the federal government and who don’t have the same kind of flexibility of the federal government in dealing with fewer revenues coming in.”

Nope…can’t print their own money, borrow from China/SS/Medicare, or forage into the realm of creative accounting. The only option left is to raise taxes…just what the Democrats want. Yep…the private sector is just fine.

md

June 8th, 2012
8:44 pm

“md, this ain’t Greece. You know full well what I’m talking about and I know you are scared and I’m really ok with that.”

Has nothing to do with fear……just human nature. When we get to a point where too many voters are voting for their neighbor to go to work and pay the taxes, then yes, we will be like Greece. The polls already indicate we are headed in that direction when a majority of people think the “rich” should pay more based solely on the criteria of “because they have it”.

That is the mark of a society that has lost it’s character………..when choices in life no longer matter……just bank accounts.

md

June 8th, 2012
8:48 pm

“The only option left is to raise taxes…just what the Democrats want.”

And just what they are doing in NY, CA, IL and others……and the ship is going down even faster in those States. The fed will not be able to bail them out either, as the senators and reps from balanced budget states (R & D alike) will not be paying for their poor management practices…….

Lil' Barry Bailout (Revised Downward)

June 8th, 2012
8:51 pm

Governor Walker fixed a $3 billion Democrat deficit in Wisconsin–anybody up there starve or die as a result yet?

Didn’t think so.

Republicans: Right.

@@

June 8th, 2012
8:55 pm

Folks, y’all can continue to demonstrate that the so-call Obama Derangement Syndrome is alive and well, but most people just do not hate President Obama like y’all do.

I find Obama to be more likeable than Mitt Romney. “Sadly”, we can’t afford to have this election be a popularity contest.

Back when…John Edwards got at A+ for likeability. Among Democrats, John Edwards was more likeable than Hillary Clinton.

Hillbilly D

June 8th, 2012
9:00 pm

John Edwards was more likeable…

Con men usually are likeable. They wouldn’t be successful con men, if they weren’t. (IWH)

@@

June 8th, 2012
9:01 pm

Truth Squad:

Rendell’s been an Obama supporter until he just couldn’t do it anymore.

Love how y’all love y’all some Bill Clinton now. It wasn’t that long ago y’all impeached him!

For perjury and obstruction of justice.

@@

June 8th, 2012
9:27 pm

Hillbilly D

June 8th, 2012
9:34 pm

@@

If you fire all those people, there’s nobody left.

Rafe Hollister- trying to save the Choom Gang

June 8th, 2012
9:38 pm

md makes a point about the overseas money the corporations have banked there. TS says that Romney does not have a plan. Well you really don’t need much of a plan to get things started. A guy could fall off a turnip truck and improve things some. Just do an amnesty on this money stashed overseas, open up drilling on gov lands, sell off some gov land and assets not being used, approve the Keystone pipeline, close the borders to limit the growing number of workers per job, drop some of the stupid regulations that are holding our farmers and businesses back, etc. Just common sense and doesn’t cost anything and will help.

Why doesn’t Oblamer do this. With him ideology trumps common sense and every other thing. He is going to stick to his ideology, no matter how much damage he causes.

Rafe Hollister- trying to save the Choom Gang

June 8th, 2012
9:41 pm

@@

Add the excuse makers and the blamers and you have an HR fact sheet.

Jackson

June 8th, 2012
9:45 pm

One can debate the need to bail out the incompetent GM and Obumma is constantly citing saving GM and 210,000 auto jobs. He forgets to mention that only 91,000 of these jobs are in the U.S. We’ve never had a Campaigner in Chief in so over his head…..CLUELESS!

Rafe Hollister- trying to save the Choom Gang

June 8th, 2012
9:46 pm

Jackson

As they say down in S GA, the man just aint up to the job!

td

June 8th, 2012
9:54 pm

Jackson

June 8th, 2012
9:45 pm

Subtract from those numbers the jobs lost when all those rural dealerships were closed. I have never seen the numbers on how many jobs were lost due to these closures.

The entire bailout was nothing more then paying back the unions.

Scott Satterwhite

June 8th, 2012
10:07 pm

Capitalists measure success by profits, not jobs. National Income accounting data show the following record on aggregate US corporate profits:

$bln

2006. $1608
2007. 1511
2008. 1248
2009. 1362
2010. 1800
2011. 1943
Q1 ‘12. 1998 annualized

Looks to me like the private sector is “doing fine.”

Lil' Barry Bailout (Unexpectedly Revised Downward--Again)

June 8th, 2012
10:12 pm

Dear Leader backtracked on ya, Scott, and admitted the private sector wasn’t doing fine.

Is he a liar, or just out of touch with Americans?

Hillbilly D

June 8th, 2012
10:16 pm

I worked in car dealerships for years and GM dealers for about half of that. I never did see how GM was supposed to save any money from closing dealerships. Cars at dealerships aren’t on consignment, they’re on floor plan. The floor plan loan is due as soon as the car is sold and the interest is paid monthly. As an example, one dealership I worked for averaged $80,000 a month in floor plan interest.

Most people don’t know about holdback either. When a car is sold as X dollars over invoice, that doesn’t include the holdback. The manufacturers holdback, $2000 used to be a normal number, on each car sold. It’s basically a rebate to a dealer, payable at year end. So if you buy a car in January, the manufacturer uses the dealers’ holdback money on that car, for 12 months, before they pay it to him.

And sales departments are usually as a money loser for a dealership. Most of the profit comes from the back end (parts, service) or from F & I (finance and insurance). What money is made in sales comes from used cars, far more than new cars. I never did understand why the people in sales always made the most money in the dealership, since the other departments make the profit. I think it has to do with the fact that the vast majority (used to be like 90%) of dealer principles come up through the sales side. They look out for their own.

Back in my day, most new cars were about a $2K gross, on average, and the average sales commission was 30% of the gross.

GM always did things that made no sense to me, like ignoring small dealerships, who’d been in business and turned a profit for decades, even if it was a small one. They preferred to cater to the big dealerships, like the Bill Heard type dealerships. Look where that got them.

Lots of things that went on in dealerships never made sense to me. Glad I got out of that.

Dusty

June 8th, 2012
10:16 pm

I’m glad somebody is “doing fine”. The rest of us are still worrying about the three trillion deficit. How’s it “doing”?

Lil' Barry Bailout (Unexpectedly Revised Downward--Again)

June 8th, 2012
10:20 pm

We do have a pretty healthy deficit, Dusty!

Lil' Barry Bailout (Unexpectedly Revised Downward--Again)

June 8th, 2012
10:21 pm

We stopped hearing about how horrible Bain and other private equity firms are when it was pointed out by the GOP that Obozo’s GM bailout cost thousands of dealership employees their jobs.

Libtard talking point go bye-bye.

Dusty

June 8th, 2012
10:30 pm

Thank you, Lil’ Barry,

I was afraid the deficit had been forgotten. As I suspected, it is neither gone nor forgotten.

Maybe tomorrow we’ll all be “doing fine” and dancing in the sunshine!!…. G’nite….

Hillbilly D

June 8th, 2012
10:36 pm

Maybe tomorrow we’ll all be “doing fine” and dancing in the sunshine!!….

I heard it’s supposed to rain.

td

June 8th, 2012
10:37 pm

Dusty

June 8th, 2012
10:30 pm

“. G’nite”

You can leave us before the Braves game is over. That would be bad luck.

bu2

June 8th, 2012
10:53 pm

I understand when the politicians spin even if I don’t like it. I wonder whether the Dems on this board are spinning or are as delusional as Obama. 3.5 years-he owns the economy. He hasn’t a clue how to fix it. Actually he doesn’t have a clue about much. He was spending 50 billion we didn’t have for high speed rail until the election straightened him out. He was saying social security was just fine, but the CBO is straightening him out on that. When first in office, he was whining about how bad the economy and how much worse it was going to get, making things worse by his mouth before Clinton had to tell him to just shut up. Maybe these Dems could argue the Republican policies would be worse, but instead, somehow its still W.s fault?

Texas had a worse recession in the 80s. And it was induced by a real estate collapse just like this one. In one year they estimated 1 in 4 people in Houston lost their jobs. Unemployment peaked at over 13%. All but one of the state’s major banks and nearly every S&L failed. There’s a reason you keep hearing about the bank ratio known as the “Texas ratio.” Foreclosures were everywhere. There wasn’t a dime of “stimulus” money, let alone a trillion, and in 3 years things were back to normal. With Obama, in 3.5 years with the full federal purse, things are worse.

Just saying..

June 8th, 2012
11:27 pm

The part that’s donating to Pacs seems okay…

Oblama

June 8th, 2012
11:34 pm

In Obama’s mind people being on welfare is a good thing because it “stimulates” the economy. With dimwits like Nanny Pelosi advising him what do you expect? Basically Obama is just another naive socialist that truly believes government spending is the answer to all our problems. Obama’s plan? As Samuel L. Jackson said in Ebony Magazine “Obama ain’t got no (expletive deleted) plan to save this country. I didn’t vote for him ’cause of any (expletive deleted) plan. I voted for him ’cause he’s black.” That’s Hollyweird.

Oblama

June 8th, 2012
11:59 pm

Obama is in never never land ……… wake up!

Get Real

June 9th, 2012
12:27 am

Obama needs a dose of reality just to get to never never land…..

BS Aplenty

June 9th, 2012
6:08 am

To the Dem apologists here I respectfully submit for your consideration Wisconsin and Scott Walker. Now think November.

Don’t wet yourself.

Lil' Barry Bailout (Unexpectedly Revised Downward...Again)

June 9th, 2012
6:39 am

Obozo has a three-point “plan”:

1) Do as much damage to free-market capitalism as possible
2) Paper over the ensuing low- or no-growth economy and public misery with massive increases in welfare spending
3) Dump the whole mess on his successor.

Skip

June 9th, 2012
6:51 am

If Republicans have the answerer what happened to Georgia? You do own the state.

Lil' Barry Bailout (Unexpectedly Revised Downward...Again)

June 9th, 2012
6:52 am

What happened to Georgia is that we balanced our budget.

Joel Edge

June 9th, 2012
7:12 am

As far as President Obama is concerned the private sector is doing fine. He’s only concerned about the public sector. Weakness in the economy means more people seek security from the government. If the private sector fails the government gets more dependents, Democrats have more supporters. Obama is worried hat he can’t find enough money to support the ever growing roles of government dependent voters. Private sector fails, government grows. There ya go, the man’s just telling the truth.

carlosgvv

June 9th, 2012
7:59 am

Corporations have been reporting record profits. Most of them are overflowing with cash. But, they’re not hiring.
Kyle, you’ve known this for some time so quit trying to fool your readers by pretending you didn’t know this.

#Occupy my desk...

June 9th, 2012
8:09 am

I think it was a gaffe honestly and I can’t stand the guy.

What concerns me more is that his answer to everything is increase the size of the government buy hiring more public sector union employees. Those salaries, pensions and benefits are destroying states like IL, CA and NY. Not sustainable and a gov job is 100% burden on the taxpayer. A private sector job costs actually earns the taxpayer money through that employees taxes. Growth versus hiring people do dig holes for a while.

greg

June 9th, 2012
8:19 am

.

Lanny Davis Goes Off On Obama Aides: “You Have Vicious People Who Are Working For The President”

Lil' Barry Bailout (Unexpectedly Revised Downward--Again)

June 9th, 2012
8:29 am

carlosgvv: Corporations have been reporting record profits. Most of them are overflowing with cash. But, they’re not hiring.
———————–

Do you buy products and services you don’t need?

Why should corporations hire people they don’t need?

carlosgvv

June 9th, 2012
8:34 am

barry

You’re absolutely correct. Why should corporations hire more people when they can work the ones they have into the ground, knowing they won’t dare quit.

Every man for himself. Right, Barry?

Lil' Barry Bailout (Unexpectedly Revised Downward--Again)

June 9th, 2012
8:41 am

Hate to break it to ya, carlosgvv, but the BLS says the average hours worked per week is about 34, and that’s been pretty steady for at least the last six years.

http://www.bls.gov/news.release/empsit.t18.htm

Oblama

June 9th, 2012
9:07 am

Our first “Reality Show” President spends more time raising money in Hollywood than he does in the real world. He is naive and out of touch………. in LaLa Land North – known as D.C. How can he have a “plan” to restore the economic health of this country if he has no clue of what the problem is? Time for a CHANGE. No Mo Bama.

GT

June 9th, 2012
9:17 am

Obama is president not a want to be candidate for president like John McCain was when he was trying to defend Bush’s administration.

Romney is almost comical in his instant merger into the sky is falling routine as the president is trying to lead. It is so predictable and his speech pattern is so insincere, please let these debates began. This is Dan Quayle all over again only this time he is running for president.

And maybe we should have Obama pattern his responses after Bush’s in those last few months of his presidency. He stayed locked up in the White House letting the country flounder with no visible leadership just trying to ride it out to the end. Not unlike his response 9/11 where he was AWOL from the country most of the day. I will give it to the Republicans after making a mess of this country they do have some nerve to show their faces more less tell O how to do something when they have shown they have no clue.

stevie ray...clowns to the left, jokers to the right here I am....

June 9th, 2012
9:20 am

Carlos,

You have no clue what you are talking about by surfacing this tired and flawed MSNBC BIGEDDUFFIS talking point. Stick to your knitting…

stevie ray...clowns to the left, jokers to the right here I am....

June 9th, 2012
9:24 am

GT,

Bush is no longer in office and President Trillion has no record to run on…people don’t give a flip about ceremonial killing of OBL…outside of that all he has done is protect unions, waste trillion of taxpayers money, and jammed a crap HC bill behind the scenes that won’t stand scrutiny of SCOTUS. Expectations fulfilled by nontenured law professor (who clearly doesn’t understand contract law), community activist and junior senator who didn’t even complete his term…

Lil' Barry Bailout (Unexpectedly Revised Downward--Again)

June 9th, 2012
9:25 am

GT: “[Our President Bush] stayed locked up in the White House letting the country flounder with no visible leadership just trying to ride it out to the end.
————————

Back in the reality-based world for just a moment, what actually happened was He got TARP passed, prevented a financial collapse, turned the economy around, and handed Obozo an economic recovery. While the recession ended in June 2009, Obozo’s recovery is the weakest in 60 years.

Obozo: Fail.

Rafe Hollister

June 9th, 2012
9:28 am

Blaming, spinning, lying, excuse making, researching stats for a grain of positive, reining in subordinates who get off the plantation, walking back gaffes, checking on crazy ole Joe, raising money hand over fist, hob-nobbing with celebrities, completing basketball brackets, golfing, vacations, intimidating the Supreme Court, and doing push up contests with Michelle, how the heck does he have time to focus on the economy. He may be the busiest President we ever had.

Rafe Hollister

June 9th, 2012
9:36 am

The man has three things he thinks he accomplished. He got the trillion dollar porkulus bill passed, he got Obamacare passed, and he was the presiding president when Seal Team 6 did away with Osama.

Well, the stimulus did not work and left us in even worse shape, 68% of the people want Obamacare overturned, and no one believes his contribution to getting Osama amounted to jack.

He has to be beside himself, as he thinks he has done great, but his advisers tell him not to mention any of those three things, the only three things he has been successful at. Governing against the will of the people, will leave you in a bad place eventually. He is a failure.

Lil' Barry Bailout (Unexpectedly Revised Downward--Again)

June 9th, 2012
9:36 am

Rafe, Obozo reminds me of some of the folks I see at Habitat for Humanity builds…the ones who can’t put a nail in straight are generally the busiest.

I Report (-: You Whine )-: mmm, mmmm, mmmmm! Just sayin...

June 9th, 2012
9:36 am

Lanny Davis Goes Off On Obama Aides: “You Have Vicious People Who Are Working For The President”

Former Clinton aide takes Obama officials to task for saying Cory Booker is “dead to us.”

And this coming from the crowd that murdered Vince Foster, trashed Paula Jones and raped Juanita Broderick, imagine, if it worries them, how bad it must really be.

GT

June 9th, 2012
9:41 am

Two men hitching in the woods encounter a bear. One of the men calmly stops to change shoes and put his running shoes on. The other man ask him,”you don’t think you can outrun that bear do you?”. The man with the running shoes replies, “don’t have to, all I have to do is out run you”.

Obama may not be perfect few men are, but you boys have put a mule up against my race horse. And you pay millions to fabricate or as one of your’s so beautifully says “put lipstick on a pig”. At the end of the day the truth ain’t in ya. Just because you got a lynch mob cheering you on, it doesn’t make you anything less than liars. Truth is not a popularity contest, and being ignorant is no defense, it is still lying. You whole lives are based on lies.

grated

June 9th, 2012
9:50 am

The unemployment rate and slow growth rate is a miracle considering what W did to the globe. Obama wins.

carlosgvv

June 9th, 2012
9:59 am

Barry – stevie ray

I’ve been thru recessions before. The first thing corporations do is cut out overtime. Then they lay off people. Then they pile more work on the remaining workers. You have to work many unpaid extra hours just to keep up with the workload. If you can’t or won’t do that, you’re fired.

Stevie, you need to finish high school and get at least some college before you post here again as all you’re doing now is showing us how ignorant you are.

Truth-O-Meter

June 9th, 2012
10:03 am

Why didn’t President Obama pull a “romney;” say he didn’t say and move on. If Obama does not learn how to lie about what he said and has done in the past he will lose this election, for sure.

Truth-O-Meter

June 9th, 2012
10:10 am

GT…
No reasoning with this lot. They remind you that Bush is no longer in the White House. They want Bush to own capturing Bin Laden (but Bush is gone); however, they want Obama to own the economy although Bush is gone. You can’t have it both ways. If you want Bush to take credit for results of what he started in office then that includes the economy as well as capturing Bin Laden.

Just saying..

June 9th, 2012
10:18 am

#Occupy my desk…
June 9th, 2012
8:09 am

I think it was a gaffe honestly and I can’t stand the guy.

What concerns me more is that his answer to everything is increase the size of the government buy hiring more public sector union employees.

Your explanation of why there are fewer US government employees today than this date last year?

Oblama

June 9th, 2012
10:28 am

Our 1st “Reality Show” President keeps talking and the voters are listening. What do they hear? The private sector is doing just fine. What they have to figure out: is he lying, is he dumb, or is he just naive? John Edwards was a great running mate for Egor….. what with his high character and all. What a combination: Illiterate Al and Immoral John.

@@

June 9th, 2012
10:28 am

Oblama

June 9th, 2012
10:41 am

Yard to cut……….. another one of those stinkin’ designer dogs has been released by the neighbor to crap in my yard again……….. gotta be an Obama supporter. Get a real dog!

MarkV

June 9th, 2012
10:58 am

Kyle: “What Obama is proposing is to borrow more money from China to pay for civil servants in Sacramento.

A pure demagoguery. It evokes a false picture of Obama asking China for a loan for this purpose. Kyle, who writes about economic matters, is not a simpleton who would not know better. Perhaps more importantly, Kyle pretends that his statement carries in itself the answer to the following question: “Why not?” It does not.

Lil' Barry Bailout (Unexpectedly Revised Downward--Again)

June 9th, 2012
10:59 am

carlosgvv: [Corporations] pile more work on the remaining workers. You have to work many unpaid extra hours just to keep up with the workload.
—————–

And yet hours worked is virtually unchanged over the last six years at a French-like 34 hours per week.

Those eeeeevil corporate taskmasters!

Rafe Hollister

June 9th, 2012
11:35 am

MarkV

You are pretty good at attacking Kyle, but again, you provide no answers. So, where is Oblama planning to get this third stimulus money, he is going to use, to give to the states to hire folks. 40 cents of every dollar, he spends is borrowed. China is our lender of last resort.

I Report (-: You Whine )-: mmm, mmmm, mmmmm! Just sayin...

June 9th, 2012
12:03 pm

CHICAGO — On the sixth floor of a sleek office building here, more than 150 techies are quietly peeling back the layers of your life. They know what you read and where you shop, what kind of work you do and who you count as friends. They also know who your mother voted for in the last election.

For example, they have found $3 to be a magic number: Asking supporters for that paltry donation to win a chance to attend a fundraiser with the president and George Clooney or Sarah Jessica Parker, has generated tens of thousands of responses — people from whom the campaign can collect highly valuable data and then go back to.

So is it Romney’s campaign or obozo’s that’s looking up your a$$, without any permission, I might add.

Let’s see here, would I, staunch Conservative, ever give up 3 dollars to see George Clooney sitting across the table, smugly sneering at me?

hmmm.

Would an invitation to hang out with a scrunched up, has been old hag like Sarah Jessica Parker lure me into Suckerland?

hmmm.

Would my candidate be un indicted and still in the race if it were found out that he was data mining my personal computer without my knowledge? Or keeping track of my mother?

hmmm.

mmm, mmmm, mmmmm!

hmmm.

MarkV

June 9th, 2012
12:03 pm

Rafe Hollister @11:35 am: “ You are pretty good at attacking Kyle, but again, you provide no answers.”

Rafe,
Again you are coming with the ridiculous argument that if one attacks something stated here, in this case in Kyle article, that one has to provide “answers.” If that were valid, how many comments on this blog would pass?

Further, China is not our lender of last resort. China is one of many lenders.

Finally, why would the money used to support state firefighters, police and teachers be the money that is increasing the national debt? Why not the money used for anything else, such as the DOD money that the Congress wants to spend in excess of what DOD wants? Is that money somehow different?

MiltonMan

June 9th, 2012
12:15 pm

Even his teleprompters are turning against him.

Gotta love the Clinton remark about Romney’s Bain tenure.

md

June 9th, 2012
12:39 pm

“Corporations have been reporting record profits. Most of them are overflowing with cash. But, they’re not hiring.”

Folks still posting this hogwash??

Yes, “some” corps are sitting on record profits……now go google the word “some”.

It’s a vary small percentage of overall corps, and the vast majority are NOT sitting on big bucks and NOT making profits……that small % that is making bigger profits couldn’t hire the bulk of the 20 million unemployed even if they wanted to………

Rafe Hollister

June 9th, 2012
12:39 pm

MarkVAs a very important source of strength and security, cherish public credit. One method of preserving it is, to use it as sparingly as possible; avoiding occasions of expense by cultivating peace, but remembering also that timely disbursements to prepare for danger frequently prevent much greater disbursements to repel it; avoiding likewise the accumulation of debt, not only by shunning occasions of expense, but by vigorous exertions in time of peace to discharge the debts, which unavoidable wars may have occasioned, not ungenerously throwing upon posterity the burthen, which we ourselves ought to bear.

GEORGE WASHINGTON, Farewell Address, Sep. 17, 1796
_____________________________-

You are saying that the money Oblamer wants to give to the states as stimulus, possibly can come from the 60% of our revenues that are not borrowed. That is something the economic failures in this country might use. Something like, asking a poor person why he is buying so many cigarettes and lottery tickets, white his children need shoes, and he replies, well, I don’t have enough money to buy shoes for the kids, I only had 15 dollars, so the shoes will just have to wait. To them that makes some kind of sense.

I think Kyle was saying the country is broke, we do not have enough money to pay for the essential things that we need, so why borrow money, which we have to pay interest on, and give it to the states, so that they can temporarily ease their budget problems. If we do not get this country back on the economic path of growth, those state economies will eventually require then to lay those folks off once again. Just like with the 1 T dollar porkulus bill. The money was wasted and here we are again, surprise.

md

June 9th, 2012
12:42 pm

“Further, China is not our lender of last resort. China is one of many lenders.”

Too silly….does it even matter who the lender is? The point is that we have to borrow in the first place. Not a good plan with 16 trillion in debt……..

MarkV

June 9th, 2012
12:46 pm

md @12:42 pm

MarkV: “Further, China is not our lender of last resort. China is one of many lenders.”

md: “Too silly….does it even matter who the lender is? The point is that we have to borrow in the first place. Not a good plan with 16 trillion in debt……..”

Too silly indeed for Kyle to write that the money for the government employees would come from China.

Rafe Hollister

June 9th, 2012
12:46 pm

Again you are coming with the ridiculous argument that if one attacks something stated here, in this case in Kyle article, that one has to provide “answers.” If that were valid, how many comments on this blog would pass?

Well, common practice, and yes I know you are not common, is when someone accuse someone of being wrong, the normal person offers some explanation of WHY they are wrong.

md

June 9th, 2012
12:48 pm

“Too silly indeed for Kyle to write that the money for the government employees would come from China.”

Silly…probably…..but more than likely partially true………he got his point across about the fundamentals of the transaction.

MarkV

June 9th, 2012
12:58 pm

Rafe Hollister @12:39 pm

Not surprisingly, your post ignores what I have written. If the federal government spends money for a specific purpose, why would that particular money be called a loan from China, which is what Kyle did?

Further, they money given to states is not, as you seem to claim, something that just disappears in a black hole, no matter how some people want to make it to be. If money is given to hire more teachers, firefighters, police and other public servants, not only people get better services, but those employees will spend the money for necessities, encouraging production, which is the way to get the country “back on the economic growth.”

Lil' Barry Bailout (Unexpectedly Revised Downward--Again)

June 9th, 2012
1:01 pm

MaryK: Is [DoD] money somehow different?
——————-

Yes. It supports a legitimate function of the federal government.

Dusty

June 9th, 2012
1:02 pm

Unbelievable!!! Liberals here continue to say that everything is fine, that borrowed money does not include interest or payback, that Obama is a picture of success.

I don’t need to waste time with such ignorance. Either they can’t comprehend or they don’t want to believe reality. Either way, I hope they lose any power they have in Washington and lose it soon. We cannot run a country with such a state of mind trying to direct it. Ignorance is NOT bliss nor is it successful..

Lil' Barry Bailout (Unexpectedly Revised Downward--Again)

June 9th, 2012
1:04 pm

Ob[ozo] flops with ‘private sector is doing fine’
————————-

So Obozo flopped before he flipped?

Way to stick to your intellectual guns, Idiot Obozo.

Thulsa Doom

June 9th, 2012
1:16 pm

Slowly but surely I think people are realizing we have a complete incompetent in the White House. Massive debt, a stagnant economy, national security leaks, this is what happens when you hire a community organizer with ZERO executive experience to run the most powerful nation in the world. Why would anyone be surprised over this man’s rank incompetence?

ragnar danneskjold

June 9th, 2012
1:19 pm

Chauncey is beginning to look like The Great Pretender, isn’t he? (I always called him “Chauncey,” after “Chance the Gardner”/Being There, during the last election cycle.) Taranto’s essay yesterday, Noonan’s essay today paint a portrait of an incompetent loser. Best note of the day, however, is by Robert Higgs, (WSJ “notable and quotable” today):

Economist Robert Higgs in “Delusions of Power” (2012):

John Maynard Keynes persuaded his fellow economists and then they persuaded the public that it makes sense to think of the economy in terms of a handful of economy-wide aggregates: total income or output, total consumption spending, total investment spending, and total net exports. . . .

In fact, “the economy” does not produce an undifferentiated mass we call “output.” Instead, the millions of producers who bring forth “aggregate supply” provide an almost infinite variety of specific goods and services that differ in countless ways. Moreover, an immense amount of what goes on in a market economy consists of dealings among producers who supply no “final” goods and services at all, but instead supply raw materials, components, intermediate products, and services to one another. Because these producers are connected in an intricate pattern of relations, which must assume certain proportions if the entire arrangement is to work effectively, critical consequences turn on what in particular gets produced, when, where, and how.

These extraordinarily complex micro-relationships are what we are really referring to when we speak of “the economy.” It is definitely not a single, simple process for producing a uniform, aggregate glop. Moreover, when we speak of “economic action,” we are referring to the choices that millions of diverse participants make in selecting one course of action and setting aside a possible alternative. Without choice, constrained by scarcity, no true economic action takes place. Thus, vulgar Keynesianism, which purports to be an economic model or at least a coherent framework of economic analysis, actually excludes the very possibility of genuine economic action, substituting for it a simple, mechanical conception, the intellectual equivalent of a baby toy. . . .

Because the vulgar Keynesian has no conception of the economy’s structure of output, he cannot conceive of how an expansion of demand along certain lines but not along others might be problematic. In his view, one cannot have, say, too many houses and apartments. Increasing the spending for houses and apartments is, he thinks, always good whenever the economy has unemployed resources, regardless of how many houses and apartments now stand vacant and regardless of what specific kinds of resources are unemployed and where they are located in this vast land. Although the unemployed laborers may be skilled silver miners in Idaho, it is supposedly still a good thing if somehow the demand for condos is increased in Palm Beach.

ragnar danneskjold

June 9th, 2012
1:22 pm

Lest the blog be populated with leftist Luddites, “the vulgar Keynesian” is not an intentional reference to the president, and has nothing to do with Nairobi.

MarkV

June 9th, 2012
1:31 pm

Rafe Hollister @12:46 pm: “… when someone accuse someone of being wrong, the normal person offers some explanation of WHY they are wrong.”

Why don’t you quote me where I accused (this time) Kyle of being WRONG? I accused him of demagoguery, and explained why. Any questions?

Tiberius - Banned by Bookman and proud of it!

June 9th, 2012
1:48 pm

Rafe, MaryV doesn’t come here to learn. She just comes here to be disagreeable. Ignore her.

Tiberius - Banned by Bookman and proud of it!

June 9th, 2012
1:51 pm

Ragnar, I loved Being There! One of Peter Seller’s best efforts.

Rafe Hollister

June 9th, 2012
1:52 pm

MarkV

You said he was wrong to assume the money had to be borrowed from China. Semantics, is your game Mark, not much of substance, but you were right, we could borrow it from ourselves, Poland, Greece, or Uncle Vito, not likely, but semantically you were right. Feel better now. Game over!

md

June 9th, 2012
1:52 pm

“Further, they money given to states is not, as you seem to claim, something that just disappears in a black hole, no matter how some people want to make it to be. If money is given to hire more teachers, firefighters, police and other public servants, not only people get better services, but those employees will spend the money for necessities, encouraging production, which is the way to get the country “back on the economic growth.””

Wrong……that money has to come from the private sector one way or the other……and making the private sector generate more capital only makes it that much harder for the private sector to get back on it’s feet………..

MarkV

June 9th, 2012
2:00 pm

Rafe Hollister @ 1:52 pm

Missing the point again. What else is new?

Rafe Hollister

June 9th, 2012
2:02 pm

Redistribution of money from the private sector to the public sector is not a way to return us to the path of economic growth. If it was, we would not be in this shape now.

MarkV

June 9th, 2012
2:03 pm

md @1:52 pm: “…and making the private sector generate more capital only makes it that much harder for the private sector to get back on it’s feet………..”

It would be interesting to find any sense in this statement, but it would be hopeless.

Rafe Hollister

June 9th, 2012
2:05 pm

MarkV

Your next post that has anything other than a semantic point, will be the first.

You argue like Slick Willie, we can’t begin the argument, until we define the meaning of “is”.

MarkV

June 9th, 2012
2:07 pm

Rafe Hollister @2:02 pm: “Redistribution of money from the private sector to the public sector is not a way to return us to the path of economic growth. If it was, we would not be in this shape now.”

Redistribution of money from the private sector to the public sector is not the cause of the shape the economy is in now. Not in the US, and not in Europe (with exception of Greece and possibly Portugal).

Rafe Hollister

June 9th, 2012
2:11 pm

MarkV

I will give you a MarkV answer to the post at 2:07

Wrong! Ridiculous statement, based on facts as they exist.

MarkV

June 9th, 2012
2:11 pm

Rafe Hollister @2:05 pm: “Your next post that has anything other than a semantic point, will be the first.”

In this case, you are right. Apparently, you do not even understand what “semantics” means.

Lil' Barry Bailout (Revised Downward)

June 9th, 2012
2:16 pm

MaryK: Metablogger. Mostly blogs about the blog.

MarkV

June 9th, 2012
2:24 pm

Rafe Hollister @2:11 pm
“I will give you a MarkV answer to the post at 2:07

Wrong! Ridiculous statement, based on facts as they exist.”

Rafe Hollister @12:46 pm: “… when someone accuse someone of being wrong, the normal person offers some explanation of WHY they are wrong.”

kelly

June 9th, 2012
2:33 pm

Thanks Dr Pangloss for correcting the record. Some of us hear what was said, with context, not just want we want to hear.

An observation: Most of the anti-Obama crowd also seem to be the most frequent name callers, especially with clever play-on-words names for the President.

I Report (-: You Whine )-: mmm, mmmm, mmmmm! Just sayin...

June 9th, 2012
3:12 pm

First, the assertion indicates the president has fallen prey to the temptation to believe in macroeconomic generalities that make him feel good, rather than facing the practical realities of life outside the White House bubble.

And if Michelle’s anywhere close, it’s life inside the bubble butt.

md

June 9th, 2012
3:14 pm

” hereand making the private sector generate more capital only makes it that much harder for the private sector to get back on it’s feet………..”

“It would be interesting to find any sense in this statement, but it would be hopeless.”

It makes all the sense in the world if one has a clue as to how the system works……you do know that the “gov’t” is NOT a self-sustaining entity….right?

It is a parasytic entity that relies on the private sector for it’s life blood…..please tell us you understand that.

And it that blood is running low in the private sector, what in the world do you think will happen if that sector is required to generate more lifeblood??

Get with the program there fella……….

MarkV

June 9th, 2012
3:27 pm

md @3:14 pm

It would be interesting to find any sense in those statements, but it would be hopeless.

Old Timer

June 9th, 2012
3:29 pm

Here is one for Obama, Democrats and taxes–
You pay social security maximum tax for your 49 working years. You total income is over $32000 a year, so you pay income tax on 85% of your social securty received.
Due to the fact your home is paid for, and you began life before the total entitlement society, Obama’s reckless spending and were taught to not buy any thing unless you could pay for it, thereby saving.
In this case you now pay more income tax than the total you recieve from Social Security.
So, in reality you give the Social Security money back to the government with a a penalty on 85% of it.
And, Obama thinks that ony the rich need to be taxed more–when he is penalizing someone intelligent to try to live the Americn Dream that existed one time,

Lil' Barry Bailout (Unexpectedly Revised Downward--Again)

June 9th, 2012
3:48 pm

Obozo is working hard at taxing folks who play by the rules to buy the votes of those who do not.

In case you’re not sure what “the rules” are:

1) Get a job
2) Show up on time
3) Don’t abuse alcohol
4) Don’t use illicit drugs
5) Keep your pants up

Obozo’s base are the moochers who can’t manage the above.

md

June 9th, 2012
4:06 pm

Well Mark…..I think we have identified the problem.

Look at it this way……the private sector can exist without the public sector, but the public sector can not exist without the private sector………..

The public sector is nothing more than a giant monkey on the back of the private sector., as the private sector MUST generate most of the capital required to run both sectors.

When the gov’t gets too big, it’s basic math…..the private sector struggles to pay ALL the bills.

MarkV

June 9th, 2012
4:27 pm

md @4:06 pm

What you have written, that” the private sector can exist without the public sector, but the public sector can not exist without the private sector,” is not really true. But it is at least an improvement over what you had written before (@3:14 pm):

“you do know that the “gov’t” is NOT a self-sustaining entity….right? It is a parasytic entity that relies on the private sector for it’s life blood…..please tell us you understand that.”

That was such a piece of garbage that it was hard to believe it coming from a thinking person.

md

June 9th, 2012
4:34 pm

Mark….hate to say it, but you are truly clueless about how the system works……..

The first statement is absolutely true…….the private sector can absolutely function without the public sector……it may not always be pretty, but it can function.

On the other hand, the public sector can not function on it’s own in a capitalistic society……now, if you want to get into communism………..but bear in mind, that communism for the most part always struggles to function for the masses. If one has noticed, China had to turn to capitalism (private sector) to pull itself out of the dark ages.

And parasitic is exactly the relationship between the two……where in the world do you think the public sector gets it’s money??

@@

June 9th, 2012
4:38 pm

CHICAGO — On the sixth floor of a sleek office building here, more than 150 techies are quietly peeling back the layers of your life.

DANG! Republicans have been accused of sacrificing their privacy in the interest of national security.

Democrats are giving up THEIR privacy for an evening with George Clooney!!??!!

REALLY!!!!

MarkV

June 9th, 2012
5:15 pm

md @4:34 pm

I am losing patience with the nonsense you have been writing, so I am going to give it to you straight:

When I wrote that your statement , “the private sector can exist without the public sector, but the public sector can not exist without the private sector,” was not really true, the important word was “really..” A private sector could exist without a public sector only in some insane, fantasy world, where private companies would just compete with each other without government, without laws and courts, without a common army, without anything done for the “public good.” You should think hard about the words of Thomas Jefferson: “We hold these truths to be self-evident, that all men are created equal, that they are endowed by their Creator with certain unalienable Rights, that among these are Life, Liberty and the pursuit of Happiness. THAT TO SECURE THESE RIGHTS, GOVERNMENTS ARE INSTITUTED AMONG MEN, deriving their just powers from the consent of the governed.” (my emphasis).

So if a government is for you “a parasitic entity,” if you prefer a country without this entity, without government building roads, warning you against hurricanes, checking water and air for pollutants, warning people about diseases, investigating crimes, convicting criminals, and all those innumerable functions of a government, in other words, if you do not want to live in a civilized society, then why don’t you find a deserted island not belonging to anybody, and stay there and not bother other people with this kind of nonsense.

md

June 9th, 2012
5:31 pm

That long rant has nothing to do with the basic facts…..one can function without the other but the inverse is not true…..merely basic fundamentals.

All the rest you have thrown in is “in addition to” the basic fundamentals. Do we function better with “some” gov’t…..absolutely, but that doesn’t change the balance needed for both to thrive……and when a country has 16 trillion in debt and a 1.5 trillion yearly deficit, the system is wayyyyyy out of balance. That gov’t entity you seem to love so dearly pays next to nothing toward that debt……it has to be generated by the private sector that you seem to loth so dearly.

md

June 9th, 2012
5:35 pm

I’ll ask you again mark……where does that benevolent gov’t get it’s money??

td

June 9th, 2012
5:51 pm

MarkV

June 9th, 2012
5:15 pm

“So if a government is “a parasitic entity,””

This is 100% true statement. Government can not exist without the private sector to pay for its needs so by definition it is a parasitic entity.

Does this mean that there is no need for the government. Of coarse not. We do need the government but the Federal government needs to go back to what the original intent was. I have found a pretty good commentary of the subject for you to read:

Another not unimportant consideration is, that the powers of the general government will be, and indeed must be, principally employed upon external objects, such as war, peace, negotiations with foreign powers, and foreign commerce. In its internal operations it can touch but few objects, except to introduce regulations beneficial to the commerce, intercourse, and other relations, between the states, and to lay taxes for the common good. The powers of the states, on the other hand, extend to all objects, which, in the ordinary course of affairs, concern the lives, and liberties, and property of the people, and the internal order, improvement, and prosperity of the state.
Joseph Story, Commentaries on the Constitution, 1833

MarkV

June 9th, 2012
6:00 pm

md @5:31 pm

As I have written already, I have enough of your stupidities, such as “the private sector that you seem to loth so dearly.” Where did I write that? As long as you write so patently ridiculous statements like “one can function without the other but the inverse is not true” about the private and public sectors, there is no point discussing it.

md

June 9th, 2012
6:30 pm

You are right Mark…..there is no point in educating you any further when you refuse to learn…..learning is a choice.

And for the 3rd time Mark…..where does the gov’t gets it’s money??

Or try this one…….on any given federal worker, what % of salary and benefits are paid with private sector dollars?? Hint…..it isn’t quite 100%………..

elgrunir

June 9th, 2012
6:33 pm

The private sector is in fact, doing fine.

Companies are sitting on record profits and cash.

Period.

md

June 9th, 2012
6:35 pm

“As long as you write so patently ridiculous statements like “one can function without the other but the inverse is not true” about the private and public sectors”

I’m always eager to learn Mark……maybe you can explain how a public sector can exist without a private sector in our capitalistic society………I’m all ears and waiting patiently………

md

June 9th, 2012
6:36 pm

elgrunir …….try going back and reading why that talking point means next to nothing……what % of corps in this country does that apply to??

MarkV

June 9th, 2012
7:01 pm

md @6:35 pm: “I’m always eager to learn Mark”

I hope you are, but

“maybe you can explain how a public sector can exist without a private sector in our capitalistic society”

You should start by paying attention and not to falsify what others have written. Why should I explain the above, when I never claimed anything like that? In a capitalistic society neither a public sector nor a private sector can exist without the other one. If you want to claim the opposite, that a private sector can exist without the public sector, then describe the society with only a private sector, without laws, courts, etc. That is what you claimed was possible.

I’m all ears and waiting patiently……….

MarkV

June 9th, 2012
7:18 pm

td @5:51 pm: “Government can not exist without the private sector to pay for its needs so by definition it is a parasitic entity.”

1. The above is not a definition of a parasitic entity.
2. The private sector cannot exist without a government; if the above definition were true, it would be also a parasitic entity. It is neither.

md

June 9th, 2012
7:22 pm

“Why should I explain the above, when I never claimed anything like that?”

You haven’t huh?

“As long as you write so patently ridiculous statements like “one can function without the other but the inverse is not true” about the private and public sectors”

So……….what do you call that?

and:

“If you want to claim the opposite, that a private sector can exist without the public sector, then describe the society with only a private sector, without laws, courts, etc. That is what you claimed was possible.”

Ever heard of private schools, private security, private firefighters…….none of it HAS to be done through a gov’t entity…….that is what you seem to be missing.

Now, your turn……

md

June 9th, 2012
7:25 pm

Mark…..what do you call 2 farmers trading pigs for chickens?? Hint……very basic private enterprise (no gov’t involved)……and they take care of all their other needs themselves. Now, expand that concept and you may see the light.

Gov’t as an arbitrator is a choice, not a necessity……..

Proud Voter

June 9th, 2012
7:53 pm

The middle class does NOT need any more taxes! As Obama said, we are doing fine without any right wing jockeying to put more economic pressure on us. Obama could have said, “Bless you” when someone sneezed and the Republicans would have wanted him gelded for mixing politics and religion. Someone people cannot be pleased.

Lil' Barry Bailout (Unexpectedly Revised Downward--Again)

June 9th, 2012
8:37 pm

MaryK: Where did I write that?
————————

Educated people are aware of something called “inference”.

Lil' Barry Bailout (Unexpectedly Revised Downward--Again)

June 9th, 2012
8:39 pm

Proud Voter: The middle class does NOT need any more taxes!
—————————–

Obozo’s planning on raising your taxes beginning January 1.

You must really be ticked.

MarkV

June 9th, 2012
8:43 pm

md @7:22 pm
This is the last time today I will try to educate you:

“As long as you write so patently ridiculous statements like “one can function without the other but the inverse is not true” about the private and public sectors”
“So……….what do you call that?”

I call that a completely consistent statement with a rejection of your claim that a private sector can function without the public sector, which is what you have claimed by the above (“one can function without the other but the inverse is not true”) Where do you see in of my statements a claim that a public sector can function without the private one, in a capitalist society?

“Ever heard of private schools, private security, private firefighters…….none of it HAS to be done through a gov’t entity…….that is what you seem to be missing.”

Are you trying to be even more ridiculous than to this point? This borders on either dishonesty or idiocy. I was discussing a country, as you can see from all I have written about the GOVERNMENT and its functions. Which is also what YOU have written about, about the GOVERNMENT, not some “2 farmers trading pigs for chickens.” YOU (@3:14)pm have written: “you do know that the “gov’t” is NOT a self-sustaining entity….right? It is a parasytic entity that relies on the private sector for it’s life blood…..please tell us you understand that.”

Which was how our exchange started. If you cannot argue seriously, I have nothing to discuss with you.

md

June 9th, 2012
11:15 pm

Yes Mark, it is quite obvious that you do not understand that gov’t is a desire, not a necessity. A private sector can function without a gov’t if it desired to do so……I can’t help you if you can’t understand that. Individuals within that private sector have to choose to form a gov’t……key word….choose.

Get Real

June 9th, 2012
11:38 pm

MarkV…..I been reading all your posts; do you even live on this planet or in some parallel universe where free lunches exist for everyone….

Lil' Barry Bailout (Unexpectedly Revised Downward--Again)

June 10th, 2012
7:04 am

For the capitalism-hating tinfoil hat crowd (carlosgvv et al):
——————————

Corporations Not Hoarding Cash

The Federal Reserve on Thursday came out with its quarterly “flow of funds” report, which for two years now has reflected the steady increase in the amount of cash on corporate balance sheets. Sure enough, the report showed that corporate cash ticked up yet again in the first quarter of the year by around $12.6 billion, to $1.74 trillion.

But here’s the funny thing about that figure: Back in March, the Fed said nonfinancial companies ended the year with a record $2.23 trillion. The new release revised that figure down to $1.72 trillion. Even for the Fed, a half-trillion-dollar revision is a big deal.

$1.7 trillion is still a lot of money, close to an all-time high. But more significant than the actual number is the implication for what had been one of the most enduring narratives of the recovery: the massive pile of cash that was sitting on the sidelines.

http://blogs.wsj.com/economics/2012/06/09/number-of-the-week-corporations-not-hoarding-cash/

AU Liberal in ATL

June 10th, 2012
7:51 am

When you take everything out of context and spin it to suit your own political puffery, you’re the flop. Even God couldn’t get anything done with this bunch of congressional cornballs.

hryder

June 10th, 2012
7:53 am

Another example of Obama, the United States entertainer in Chief, not having a clue with reality in the economic world. VOTE OUT ALL INCUMBENT ELECTED OFFICE HOLDERS IN THE NOVEMBER ELECTIONS.

Lil' Barry Bailout (Unexpectedly Revised Downward--Again)

June 10th, 2012
7:56 am

AU Liberal in ATL: When you only read the headline, ignore the provided context and link to the full story, and then whine “out of context”, you’re the flop.
—————–

Fixed.

MarkV

June 10th, 2012
7:59 am

Get Real @11:38 pm

If you want to add to the stupidities of md, keep writing.

I Report (-: You Whine )-: mmm, mmmm, mmmmm! Just sayin...

June 10th, 2012
8:04 am

‘Obama Girl’ won’t endorse Obama!

http://news.yahoo.com/obama-girl-not-excited-2012-won-t-endorse-193610215.html

If obozo loses the bimbo vote, he’s lost the dummycrat party.

ragnar danneskjold

June 10th, 2012
8:39 am

Much good discussion over the proper role of government in a free society. I would not contradict anything in the great Higgs quote I posted around 1 PM yesterday, but I always liked Hayek’s perspective: that government’s sole legitimate role in “market control” is
(1) to punish actual fraud – malicious trickery – and
(2) to punish collusion among businessmen – a “fraud” on the market.

Any other effort by government amounts to unnecessary constriction of market access, which mostly benefits those already in the market.

@@

June 10th, 2012
8:48 am

WASHINGTON — When it comes to saving energy, people in the United States know that driving a fuel-efficient car accomplishes more than turning off the lights at home.

But that doesn’t mean they’ll do it.

A new poll shows that while most of those questioned understand effective ways to save energy, they have a hard time adopting them.

Six in 10 surveyed say driving a more fuel-efficient car would save a large amount of energy, but only 1 in 4 says that’s easy to do, according to the poll by the AP-NORC Center for Public Affairs Research. People also are skeptical of carpooling or installing better home insulation, rating them as effective but impractical.

This administration is out of touch with the American voter.

MarkV:

If you cannot argue seriously, I have nothing to discuss with you.

If only you could keep that promise.

You arguing for argument’s sake has become quite boring for people like me.

Nothing personal, mind you.

schnirt

MarkV

June 10th, 2012
9:01 am

@@ 8:48 am

My post at 7:59 am applies to you as well.

@@

June 10th, 2012
9:07 am

MarkV:

zzzzzzzzzzzzzzzzzzz

what love got to do w/it

June 10th, 2012
9:26 am

President Obama must think every dollar the U.S. is getting to bail out, are donates or some type of gifts. Wake up…

SheeshLouise

June 10th, 2012
9:27 am

No Kyle, YOU just FLOPPED with trying to spin the statement for political purposes. You guys are pitiful. The U.S. will go down because of its hyper-polarization, shelving and of logic, reason and common sense, and the never ending desire of one political party to make the next look stupid at ALL costs. Anyone with HALF a brain well knows that what Obama said was the truth. Specifically what he was referring to is the fact that corporations are sitting on over $4 TRILLION (I believe it is) in PROFITS and are not spending a dime of it. The stock market is at also super high levels and holding, so investment in those companies is also very strong. What more evidence do you need? Of course, because the U.S. citizenry is so dumb and carnivorous in its desire for “red meat” he has to for political purposes “walk it back” as everyone likes to say, to make it go down smoother. He runs the risk of losing a voter who might be brainwashed by the resulting drivel from those like you Kyle.. Let’s all just stop pretending. Pitiful.

Dr. Pangloss

June 10th, 2012
9:35 am

The big corporations are posting record profits.
An article in today’s Atlantic Monthly says that the US had 111 million private sector jobs in January of 2009. We’re now back to 111 million private sector jobs. The job loss is in those evil public sector jobs.
So you could say the economy is starting to perk along.

Tiberius - Banned from Bookman's and proud of it!

June 10th, 2012
9:47 am

“MarkV…..I been reading all your posts; do you even live on this planet or in some parallel universe where free lunches exist for everyone….”

Does this question even need to be asked?

Tiberius - Banned from Bookman's and proud of it!

June 10th, 2012
9:50 am

“So you could say the economy is starting to perk along.”

Or you could say that the Easter Bunny and Santa Claus is real.

But all three would be figments of your imagination, Dr. Pangloss.

Lil' Barry Bailout (Unexpectedly Revised Downward--Again)

June 10th, 2012
10:34 am

I love it–the libtards on the one hand have a desperate need to defend their Idiot Obozo’s claim that the private sector is doing just fine, and on the other hand they have this inbred (in every sense) need to claim that eeeevil corporations are wrecking the economy.

Which is it, haters?

Samantha

June 10th, 2012
10:42 am

If George Bush had said somehting this dumd and this insensitive, the press would have crucified him. Instead our so called “mainstream media” is quiet as death. Les Moonves from CBS finally admitted this week that the press was politically partisan. Their non-handling of Obama’s ridiculous assertion that the private sector of our economy is fine just another bit of evidence.
I wonder of Obama read the headline that said “Home prices plunge again” or if he knows that the level of discouraged workers is at an all time high. Or maybe he forgot that our labor participation rate is an all time low. Or perhaps that teen employment has never been lower.
Can we call him President Clueless?

Lil' Barry Bailout (Unexpectedly Revised Downward--Again)

June 10th, 2012
10:44 am

Please, just call him “Clueless”…using the P-word just reminds Americans of the huge mistake they made in 2008.

Tiberius - Banned from Bookman's and proud of it!

June 10th, 2012
11:02 am

The reality is that Obama was comparing the private sector to the public sector, and while he used a poor choice of words, he’s just as responsible for saying them as McCain was his “fundamentally sound” comment in 2008.

As some of his defenders on this site have postulated, he probably meant to say “better than the public sector”, and while that statement (if made) might have had some truth to it, it really has no bearing on the economy.

The bottom-line in all of this remains that many state and local governments continue to look to Washington to bail them out of bad fiscal decisions and situations of their own making. As was predicted by many when the stimulus first came out, the funds were going to run out right about now, and that has been proven true. And yes, I AM saying “I told you so”.

So in 2 years, local governments didn’t learn nor do a thing about their situations, and are looking for handouts again, and they aren’t coming.

It is their turn to deal with the mess they made. Not the rest of us or our great-grandchildren who will have to pay for this disaster of a President’s policies.

John

June 10th, 2012
11:20 am

We have the government and society we deserve.

Get Real

June 10th, 2012
11:40 am

MarkV…..just making an observation regarding your thought process…..feel free to continue being a douche bag…..seems you have honed your skills over a lifetime…

Rafe Hollister

June 10th, 2012
11:41 am

We have the government and society we deserve.

Maybe you do John, but I deserve and expect better. I voted for better candidates than we have representing us now.

Get Real

June 10th, 2012
11:44 am

Tiberius….you are spot on although some state and local governments did learn, sadly most did not…

tiredofIT

June 10th, 2012
11:44 am

“You libs really are economically retarded.” Fall of 2008 the economy is crashing losing 750,000 job a month. You “cons” are economically retarded, not to mention you have selective memory loss!

tripledart

June 10th, 2012
12:31 pm

What is gonna happen when Obama losses by 11 percent in the election.Is the race card gonna be thrown again.And yes Maxine Waters convicted and Eric Holder ass thrown in jail.Most of all David
Axelrod jumps off a cliff.Can’t wait till fall

md

June 10th, 2012
1:25 pm

Mark does serve a purpose…..he allows others to understand the entitlement mentality fostered by a society that “requires” a bigger gov’t…….he displays the basic underlying fundamentals at the core of differing ideologies……that the individual is capable of managing oneself or must be managed by a greater power…..in this case, “government”.

Tiberius - Banned from Bookman's and proud of it!

June 10th, 2012
2:18 pm

md, I have no problem with government having a role in people’s lies, as long as that role is limited to protecting people from those who would take another’s life, liberty or property through the use of force or fraud.

MaryV just thinks we all need a lot more protection than many of us are willing to accept, and she doesn’t mind giving up her freedoms so that she can retain control over someone else through that government, even if that someone else isn’t hurting anyone with their actions.

MarkV

June 10th, 2012
2:39 pm

Get Real @11:40 am

Thank you for making abundantly clear that you do not have any rational thoughts, only the ability to write insults and stupidities.

Lil' Barry Bailout (Unexpectedly Revised Downward--Again)

June 10th, 2012
2:40 pm

tiredofIT, even with the job losses that occurred as a result of the Dodd-Frank “roll the dice” housing/finance disaster, Our President Bush’s record on jobs is vastly superior to Moron Obozo. According the the Bureau of Labor Statistics, here are the number of jobs in the U.S. in January of the following years:

2001: 132 million (Our President Bush inaugurated)
2009: 134 million (Our President Bush leaves office/Obozo inaugurated)
2012: 132 million

Our President Bush created two million jobs. Obozo destroyed them.

Obozo: Failure.

Obozo receptacles: Ignorant.

md

June 10th, 2012
3:27 pm

“md, I have no problem with government having a role in people’s lies, as long as that role is limited to protecting people from those who would take another’s life, liberty or property through the use of force or fraud.”

Nor do I, but I prefer to limit that role to as little as necessary…….case in point the DOE…..established 40+ years ago to ween us off foreign oil……mission never accomplished and big bucks spent doing it.

getalife

June 10th, 2012
3:39 pm

Stay the course on job growth not austerity.

Not a good time to change leadership.

We need to keep the adults in charge

getalife

June 10th, 2012
3:44 pm

They are doing better than ever.

They don’t need your help, they have the politicians.

What happens when they control all the wealth?

md

June 10th, 2012
3:50 pm

“Stay the course on job growth not austerity.”

And at this rate, I’d hate to be the last guy hired…….20 million to work through first.

OBIWAN

June 10th, 2012
4:15 pm

But Obozo is so smart, just look at his school records, oh wait he had the sealed…

@@

June 10th, 2012
4:30 pm

FYI!

If you’ve ever been stuck having to buy something with a $50 or $100 bill in the last decade, you’ve probably had to stand there while a store clerk performs the marker test to see if the note is legitimate. Unfortunately, that test doesn’t work on older bills.

A local jury just won some guy a settlement because of ^^^ that. Not only did he sit in jail for 31 hours…he lost his job as a result. Once everything got straightened out, his job was no longer available.

Why doesn’t law enforcement know to look at the date before acting too hastily.

Take those older bills to the bank and exchange them for newer currency.

Rafe Hollister

June 10th, 2012
5:17 pm

@@

I’m surprised that people still use those large denominations, it is hard to find a clerk, who can accurately make change anymore. Most of our public school graduates have a hard time counting to 100.

I Report (-: You Whine )-: mmm, mmmm, mmmmm! Just sayin...

June 10th, 2012
5:37 pm

Counterfeiting is one of the few growth industries under the obozo administration, that and food stamp counselor.

If we could just stop the marker test from being performed, the unemployment rate wouldn’t matter anymore!

Hillbilly D

June 10th, 2012
5:52 pm

“That evening before he went to have supper, he’d go back to the hospital to see his patients again. They don’t do that anymore. Matter of fact, the patient sees a hospitalist when they’re admitted now, not their personal doctor. That would be hard for me — to know that my patient was in the hospital and I couldn’t make orders for their care.”

They don’t make ‘em like this guy, anymore.

http://www.gainesvilletimes.com/section/199/article/68603/

Lil' Barry Bailout (Revised Downward)

June 10th, 2012
6:08 pm

If we stay the course on job growth we’ll have fewer jobs.

Fix the problem in November. Fire the Marxist. Hire the real American.

SheeshLouise

June 10th, 2012
6:25 pm

@Lil Barry.
You know, you are a pitiful person. You can never come on any of these blogs without displaying your sick obsession and disrespect for the POTUS, with all your juvenile insults. What’s the matter, Obama put his “big stick” in your mouth or something once? You sure as hell act like it. Maybe that’s what you need. Racist b@stard. Do I care about being “banned” because Kyle will likely take a “self-righteous indignation” with what I said, while TOTALLY approving of the BS you spew on his blog daily? HELL no!

Hillbilly D

June 10th, 2012
6:31 pm

f you’ve ever been stuck having to buy something with a $50 or $100 bill in the last decade, you’ve probably had to stand there while a store clerk performs the marker test to see if the note is legitimate.

They do that with $20s, in my neck of the woods.

grated

June 10th, 2012
6:33 pm

Obama really did make a grevious gaffe. He opened his mouth in response to an exploratory Romney thrust and just waded in as deep as you can – step by step; inch by inch. Then, four hours later he went full awkward moment. It’s not over, but now it’s Romney’s election to lose. This is exactly why “it’s the economy stupid” was so effective. Remember Bush Sr’s photo-flop oblivion over the new fangled grocery check out laser thingies. It’s not what you say, it’s how well your opponent can cash in on your gaffes. Gaffes are inevitable. No amount of briefing can prevent them. You just stumble upon them. Open mouth. Insert latest exorbitant Nike shoe.

So we end up with the war machine back in power, and any debt remedy will certainly be used to destroy some unsuspecting country’s infrastructure and then, of course, to rebuild it.

And America crumbles piece by piece, bridge by bridge, sewer by sewer. The more things change, the more they stay the same. Change means Same.

Same old Change.

@@

June 10th, 2012
6:38 pm

Obama put his “big stick” in your mouth or something once?

Is SheeshLouise implying that Obama’s gay?

Well, I nevah…

Kamchak ~ Thug from the Steppes

June 10th, 2012
6:41 pm

Hire the real American.

Bithers.

:roll:

Rafe Hollister

June 10th, 2012
6:47 pm

What is are bithers? Lil Barry, have you bit hers.

Get Real

June 10th, 2012
6:48 pm

MarkV…thanks for proving my point…the prosecution rests

@@

June 10th, 2012
6:50 pm

Obama to Emphasize Rural America in Interviews, Report Tomorrow

Where people cling to their guns, religion, antipathy towards…blah…blah…blah?

MarkV

June 10th, 2012
6:51 pm

SheeshLouise @ 6:25 pm

It is best to ignore the verbal excrements of the obscene clown who pollutes the blog under the moniker Lil Barry.

Kamchak ~ Thug from the Steppes

June 10th, 2012
6:57 pm

What is are bithers?

Typo, my bad.

Birthers.

:roll:

@@

June 10th, 2012
7:02 pm

You know, you are a pitiful person. You can never come on any of these blogs without displaying your sick obsession and disrespect for the POTUS, with all your juvenile insults.

Post your best anti-Bush insults, tirades, epithets, and screeds! @ DemocraticUnderground.

Pitiful…JUST pi-ti-ful.

schnirt

Lil' Barry Bailout (Unexpectedly Revised Downward--Again)

June 10th, 2012
7:08 pm

SheeshLouise: Racist b@stard
—————————

Feel free to repost anything I’ve said that’s racist.

We’ll just cue the chirping crickets now.

Lil' Barry Bailout (Unexpectedly Revised Downward--Again)

June 10th, 2012
7:09 pm

Kamchak: Birthers.
——————-

If you had been paying attention, you would know that I was not among the birthers.

That said, there’s more to being an American than mere citizenship.

Obozo is not American.

Kamchak ~ Thug from the Steppes

June 10th, 2012
7:14 pm

If you had been paying attention, you would know that I was not among the birthers.

Educated people are aware of something called “inference”.

Open mouth, insert foot, chew vigorously.

Lil' Barry Bailout (Unexpectedly Revised Downward--Again)

June 10th, 2012
7:16 pm

Sorry, Kamchak, but I’m on record long ago of being of the opinion that Obozo was a citizen.

You infer incorrectly.

I guess the opened mouth would be yours.

Kamchak ~ Thug from the Steppes

June 10th, 2012
7:21 pm

Poor lil’ bb brain, can’t be judged by his own words.

Samantha

June 10th, 2012
7:24 pm

None of the liberals want to hold Obama responsible for saying something breathtakingly stupid and insensitive to millions Americans who are out of work, too discouraged to look for work or whose homes are under water. Personally, I think Obama owes the people an apology.
Moreover, the media needs to do its job and hold Obama to account for his ridiculous assertion. Or, we can have an election and the liberals can all argue that everything is just fine, we just need to expand the role of the government while conservatives argue that we need to get America back to work.
Even Axelrod will switch sides on that argument.

Lil' Barry Bailout (Unexpectedly Revised Downward--Again)

June 10th, 2012
7:27 pm

(Kamchak is presently searching frantically through his Lil’ Barry Bailout dossier)

Kamchak ~ Thug from the Steppes

June 10th, 2012
7:33 pm

(Kamchak is presently searching frantically through his Lil’ Barry Bailout dossier)

Nope.

The important one I remember.

Under this sock-puppet, you made a bet with next door with Sooth. But it was another of your personae that acknowledged that bet.

So when you claim to be on the record about the birther nonsense, you can’t be sure which sock-puppet it is.

That’s the problem with multiple sock-puppets — which one said what.

@@

June 10th, 2012
7:41 pm

The gaffe I found amusing was this one at the LGBT Leadership Council:

DeGeneres, Obama said, is “a great friend who accepts a little bit of teasing about Michelle beating her in push-ups. I think she claims Michelle didn’t go all the way down.”

The audience began to chuckle and then erupt in bawdy laughter.

Whether they were laughing with him or at him is yet to be determined.

Rick in Grayson

June 10th, 2012
7:44 pm

An example of how Obama LIES…Obama stated that he “created 4.3 milions job over the last 27months” (in Kyle’s intro).

However, this weekend, Axelrod said the private sector grew by 4.3 million jobs over the last 27 months, while the public sector lost jobs. He said the president’s critics are “more eager to have a debate over an out-of-context clause in his remarks than the substance of what he said.”

Yes, we are CRITICS of Obama’s remarks because he frequently lies or tells half truths! All politicians do this, but Obama and his Chicago style campaign relishes lies and half truths.

Can we really survive another 4 years of this amateur? What will a second term look like when he has “more flexibility”?

Kamchak ~ Thug from the Steppes

June 10th, 2012
7:46 pm

Yes, we are CRITICS of Obama’s remarks because he frequently lies or tells half truths!

The smoking gun is the mushroom cloud.

@@

June 10th, 2012
7:54 pm

The Steppes in Eurasia, where livestock was/is herded?

Lil' Barry Bailout (Unexpectedly Revised Downward--Again)

June 10th, 2012
8:20 pm

Kamchak: That’s the problem with multiple sock-puppets — which one said what.
————————-

Projection.

I Report (-: You Whine )-: mmm, mmmm, mmmmm! Just sayin...

June 10th, 2012
8:31 pm

Upchuck!

I see that you are still all foamy.

Your side is kaput, girlfriend, when will you be jumpin ship?

Oblama

June 10th, 2012
10:32 pm

Obama is much more concerned about expanding the power and size of the Big Brother Fed government than the private sector. To him in his D.C. fairy tale every thing is just lovely.

iggy

June 11th, 2012
7:32 am

ObaManure is going down in flames. The Teflon Don, who 4 years ago could do no wrong is now stepping from one cow pattie to the next.

Keep up the good work, barry!!

redandblackpeach

June 11th, 2012
8:24 am

Since the private sector funds government, if the private sector was “fine” the government should be fine too. If Obama is stating the issue is the public sector then he doesn’t have a real grasp on where government obtains its revenue (it isn’t self generated). This logic is flawed (just as unemployment numbers are flawed) and is troubling that the President doesn’t make that very obvious, simple connection.

[...] we discussed just Friday, however, context is always helpful. And Bush book-ended the aforementioned statement with these: [...]

Soapy Johnson

June 11th, 2012
9:09 pm

If the economy is doing fine, why are the Chinese using fortune cookies to further discourage Americans in these tough economic times? … http://placeitonluckydan.com/2011/07/recession-fortune-cookies/

[...] is why it wasn’t surprising to hear Obama last week emphasize the public sector in his remarks about the economy and what’s holding back growth. In his [...]